The global silicon anode battery market was valued at USD 96.5 Million in 2015 and is expected to grow at a CAGR of 43.4% between 2016 and 2022. The base year used for this study is 2015 and the forecast period is 2016 to 2022. The silicon anode battery market report covers the market on the basis of capacity, type, application, and geography. In terms of capacity, 1,500 to 2,500 mAh was the largest segment of the market in 2015. The increasing need for advanced battery technology that overcomes the drawbacks of conventional batteries in electric vehicle applications is one of the major drivers for the growth of the silicon anode battery market. Besides this, silicon anode batteries have the capability to power devices that are compact, have limited internal space, and enable efficient working.

The research methodology incorporates the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the silicon anode battery market. The research methodology used to estimate and forecast the silicon anode battery market begins with capturing data on key vendor revenue through the secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global silicon anode battery market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and sub-segments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. These market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure

The silicon anode battery market is expected to grow at a CAGR of 43.4% between 2016 and 2022, and is projected to reach USD 1,018.3 Million by 2022 from USD 96.5 Million in 2015. The growth of the silicon anode battery market is expected to be driven by factors such as growing R & D activities by major companies to develop batteries that have significantly high energy storage capacity and longer life and increasing demand for eco-friendly electrical vehicles. Silicon anode lithium batteries are being widely used for portable electronic devices, due to their superior energy density and high cell voltage, which is expected to boost the growth of the silicon anode battery market in near future.

The scope of this report covers the silicon anode battery market on the basis of capacity, type, application, and geography. In terms of capacity, 1,500 to 2,500 mAh was the largest segment of the market in 2015. Silicon anode batteries are majorly used in consumer electronics, such as smartphones, mobiles & tablets, laptops and wearable devices among others. These batteries are expected to help meet the future requirements of energy storage, long cycle life, safety, and reliability. There has been an increased demand for silicon anode battery from automotive manufacturers for use in plug-in electric vehicle to increase their all-electric range with the same volume of batteries or use fewer batteries to achieve the same range.

Based on type, prismatic is expected to be the largest segment of the silicon anode battery market in 2016. Modern prismatic cells make optimal use of space by using the layered approach as compared to traditional cell. Prismatic cells improve space utilization and allow flexible design; however, these cells have a shorter cycle life, can be expensive to manufacture, and less efficient in thermal management as compared to cylindrical cells.

Based on geography, North America accounted for the largest share of the silicon anode battery market in 2015. The market in Asia-Pacific is expected to grow at the highest CAGR, owing to substantial investments by various companies to set up their silicon anode battery-manufacturing facilities in several countries across in the region.

Factors such as large volume change of silicon and breakdown of solid electrolyte interphase (SEI) when nanostructure shrinks during delithiation process are expected to restrain the growth of the market in the coming years. When building a charge, silicon anode materials swell to store lithium ions. The swelling that accompanies lithium absorption is a major challenge when designing high capacity silicon anode lithium-ion battery.

Panasonic Corporation (Japan) is considered as one of the important players in the development of silicon anode battery market. The company is focusing on the development of new products such as a rechargeable silicon anode battery for wearable devices. Moreover, the company has entered into some strategic collaborations and partnerships to strengthen its market share. For instance, the company collaborated with Tesla (U.S.) for the construction of a large-scale battery manufacturing plant in the U.S., known as the Gigafactory.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not
meet with your exact requirements. Our custom research will comprehensively cover
the business information you require to help you arrive at strategic and profitable
business decisions.